Jun 7, 2011

No dividend from Bakrie Telecom

A shareholders' meeting decided that PT Bakrie Telecom Tbk will not distribute dividend for 2010 financial book. Net income generated in 2010 as much as IDR10 billion will be posted as retained earnings this year.
“We plan to invest it,” President Director Anindya Novyan Bakrie said after the meeting today.
The telecommunication company in the meeting also approved the new formation of directors, following the resignation of two directors. Muhammad Buldansyah and Juliandus Lumban Tobing resigned from the company’s board of directors.
The recent board consists of President Director Anindya Novyan Bakrie, Vice President Frederik Johannes Meijer and Jastiro Abi, and Independent Director Rakhmat Junaidi.

Disclosure: No position at the stock mentioned above.

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